Publix to pay $500 million for Albertsons stores

08/22/2008 12:00:00 AM
Tom Burfield

(Aug. 22) Publix Super Markets Inc., Lakeland, Fla., will pay about $500 million for the 49 Boise, Idaho-based Albertsons LLC stores it is seeking in Florida, according to the Orlando Business Journal.

Publix revealed the acquisition price in a filing with the Securities and Exchange Commission. Financial terms of the deal were not announced when the transaction was first reported in June.

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